StockNews.com Downgrades Hawthorn Bancshares (NASDAQ:HWBK) to Hold

Hawthorn Bancshares (NASDAQ:HWBK) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Hawthorn Bancshares Stock Performance

NASDAQ HWBK traded down $0.42 on Friday, hitting $29.46. 3,739 shares of the company’s stock were exchanged, compared to its average volume of 8,069. The firm has a market cap of $205.84 million, a price-to-earnings ratio of 32.73 and a beta of 0.58. The firm’s 50-day moving average price is $29.88 and its two-hundred day moving average price is $24.95. Hawthorn Bancshares has a fifty-two week low of $17.86 and a fifty-two week high of $34.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.01 and a quick ratio of 1.01.

Insiders Place Their Bets

In related news, Director Jonathan Holtaway sold 5,053 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $28.57, for a total value of $144,364.21. Following the completion of the transaction, the director now directly owns 402,460 shares of the company’s stock, valued at $11,498,282.20. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank E. Burkhead sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.87, for a total value of $95,610.00. Following the sale, the director now owns 11,477 shares in the company, valued at approximately $365,771.99. The trade was a 20.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,457 shares of company stock worth $285,175. Corporate insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On Hawthorn Bancshares

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of Hawthorn Bancshares by 36.5% in the second quarter. Renaissance Technologies LLC now owns 25,043 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 6,700 shares in the last quarter. Empowered Funds LLC lifted its holdings in Hawthorn Bancshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 27,169 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Hawthorn Bancshares by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 68,657 shares of the financial services provider’s stock worth $1,719,000 after purchasing an additional 6,955 shares during the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc operates as the bank holding company for Hawthorn Bank that provides various banking services in the United States. It accepts checking, savings, money market, individual retirement, and other time deposit accounts, as well as certificates of deposit. The company also offers commercial and industrial, single payment personal, installment, commercial and residential real estate, and consumer loans, as well as equipment, operating, and small business administration loans; and debit and credit cards.